Ligado Networks, a Reston, Va.-based provider of next generation networks powering Industrial IoT, raised more than $100m in funding.
The backers were not disclosed.
The new investment will provide capital to operationalize Ligado’s vision and support expansion of the wireless ecosystem, including chipset and device development and spectrum standardization.
Led by CEO Doug Smith, Ligado aims to modernize American infrastructure by connecting the Industrial Internet of Things with current state-of-the-art satellite technology and plans to deploy Custom Private Networks for the businesses. The company is in the process of moving into a new phase of development and is taking steps to enhance its current services and introduce new offerings to current customers. These include facilitating Internet of Things device operations across both satellite and terrestrial networks and providing spectrum partnerships to mobile operators, supporting the wireless networks that millions of people use every day.
FinSMEs
31/05/2020